China's service sector expanded for the first time in five months at the start of the year with the rollback of pandemic related restrictions, survey results from S&P Global showed on Friday.
The Caixin services Purchasing Managers' Index climbed to 52.9 in January from 48.0 in December. The reading was also above economists' forecast of 51.6.
The score exceeded the neutral 50.0 mark for the first time since August, suggesting an upturn in business activity.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.